NC Adjuster License 2025/2026 Exam
Questions and Answers | A+ Score
Assured
Comprehensive personal liability - 🧠ANSWER ✔✔applies liability coverage
to activities or events occurring both on and off the premises.
Ex. The mailman slips and falls in your driveway.
National Flood Insurance Program (NFIP) - 🧠ANSWER ✔✔A government-
sponsored flood insurance program for communities in designated areas.
Standard Fire Policy - 🧠ANSWER ✔✔Insurance against property damage
due to fire or lightning
definitions section - 🧠ANSWER ✔✔the part of an insurance policy that
explains specific terms used throughout the policy, such as ?you? or
?your,? or ?family member?
risk - 🧠ANSWER ✔✔The chance of loss from an event that cannot be
entirely controlled
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
1
, hazard - 🧠ANSWER ✔✔A danger or risk.
Peril - 🧠ANSWER ✔✔cause of loss
4 Parts of Insurance Contract? - 🧠ANSWER ✔✔Declarations
Conditions
Exclusions
Insuring Agreement
basic form - 🧠ANSWER ✔✔a form of a homeowners policy that insures
property against the basic perils Ex. Fire, lightning, hail, wind damage
Special Peril/Open Peril (All Risk) - 🧠ANSWER ✔✔cover all perils except
for those that are specifically excluded. If it doesn't state its not covered
then it is covered. **if there is a dispute over whether something is covered
it would be the insurance company's job to prove its not covered.
broad form - 🧠ANSWER ✔✔A property and liability policy that provides
coverage for landowners from eighteen specified perils.
HO-4 policy - 🧠ANSWER ✔✔Renters policy. Personal property covered for
broad perils.
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
2
Questions and Answers | A+ Score
Assured
Comprehensive personal liability - 🧠ANSWER ✔✔applies liability coverage
to activities or events occurring both on and off the premises.
Ex. The mailman slips and falls in your driveway.
National Flood Insurance Program (NFIP) - 🧠ANSWER ✔✔A government-
sponsored flood insurance program for communities in designated areas.
Standard Fire Policy - 🧠ANSWER ✔✔Insurance against property damage
due to fire or lightning
definitions section - 🧠ANSWER ✔✔the part of an insurance policy that
explains specific terms used throughout the policy, such as ?you? or
?your,? or ?family member?
risk - 🧠ANSWER ✔✔The chance of loss from an event that cannot be
entirely controlled
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
1
, hazard - 🧠ANSWER ✔✔A danger or risk.
Peril - 🧠ANSWER ✔✔cause of loss
4 Parts of Insurance Contract? - 🧠ANSWER ✔✔Declarations
Conditions
Exclusions
Insuring Agreement
basic form - 🧠ANSWER ✔✔a form of a homeowners policy that insures
property against the basic perils Ex. Fire, lightning, hail, wind damage
Special Peril/Open Peril (All Risk) - 🧠ANSWER ✔✔cover all perils except
for those that are specifically excluded. If it doesn't state its not covered
then it is covered. **if there is a dispute over whether something is covered
it would be the insurance company's job to prove its not covered.
broad form - 🧠ANSWER ✔✔A property and liability policy that provides
coverage for landowners from eighteen specified perils.
HO-4 policy - 🧠ANSWER ✔✔Renters policy. Personal property covered for
broad perils.
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
2
